Indonesia’s IPO Craze Is Alive and Well With 220% Gainer

Photographer: Dimas Ardian/Bloomberg
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The Indonesian stock exchange has kicked off the new decade as Southeast Asia’s busiest bourse for initial public offerings.

The nation has seen more listings than any other in the region, accounting for six of the eight IPOs this month, according to data compiled by Bloomberg. These companies have collectively raised $57.4 million.